Swedish PM: "Talk" Spain needs ?80B in rescue loan

Sat, 06/09/2012 - 12:00 EDT - AP

STOCKHOLM (AP) -- Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to (EURO)80 billion....

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STOCKHOLM (AP) -- Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to (EURO)80 billion ($99.74 billion)....

Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to €80 billion.

Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to €80 billion ($99.74 billion).

In the wake of a huge market reaction on Friday, it's interesting to see how the headlines read other places, especially Spain.
Here is one such viewpoint by El Confidencial: Government 'sacrificed' Bank of Spain in Exchange for Financial Sector Bailout

Ukraine could be set for yet another showdown with Russia over a $3 billion debt bill. The International Monetary Fund (IMF) is assuming that $3 billion of debt owed by Ukraine to Russia this year will have to be restructured as part of the country's bailout package. There's only one problem — Russia doesn't want to play ball.

Slovenia’s six-day-old government is being urged to prevent the nation becoming the euro region’s next bailout battleground.
Prime Minister Alenka Bratusek’s Cabinet must quickly carry out a plan to revamp the country’s ailing lenders, the central bank said yesterday. The former Yugoslav nation needs about 3-billion euros (US$3.9-billion) of funding this year, while banks need 1-billion euros of fresh capital, the International Monetary Fund said last week.

The German parliament approved the country's share of a trillion-dollar rescue package for debt-stricken eurozone countries Friday, after Chancellor Angela Merkel warned the euro was "in danger".Merkel's centre-right majority in upper and lower houses handily assured passage of the bill to unblock up to about 150 billion euros (187 billion dollars) of the around 750 billion euros in loan guarantees.The so-called "shock and awe" package, cobbled together by the European Union and International Monetary Fund, will now go to President Horst Koehler for his signature.

Germany's lower house of parliament approved the country's share of a trillion-dollar rescue package for debt-hit eurozone nations Friday, after Chancellor Angela Merkel warned the euro was "in danger".Merkel's centre-right majority handily assured passage of the bill to unblock up to about 150 billion euros (187 billion dollars) of the around 750 billion euros in loan guarantees.